Segment Information

9 Months Ended

Oct. 02, 2012

Segment Information

Segment Information

8.  Segment Information

Our management reviews discrete financial information for The Cheesecake Factory, Grand Lux Cafe and RockSugar Pan Asian Kitchen restaurants and our bakery division for decision-making purposes.  However, based on quantitative thresholds set forth in ASC 280, “Segment Reporting,” The Cheesecake Factory is our only business that meets the criteria of a reportable operating segment.  Although not required, we present segment information for the bakery separately from our restaurant concepts because the bakery is a distinctively different business, and we believe information regarding this segment is useful to readers.  Bakery sales to our Company-owned restaurants are recorded at prices similar to third-party national accounts.  Unallocated corporate expenses, assets and capital expenditures are presented below as reconciling items to the amounts presented in the consolidated financial statements.

Segment information is presented below (in thousands):

	Thirteen Weeks Ended October 2, 2012			Thirteen Weeks Ended September 27, 2011			Thirty-Nine Weeks Ended October 2, 2012			Thirty-Nine Weeks Ended September 27, 2011
Revenue:
Restaurants	$	437,887		$	413,315		$	1,305,808		$	1,236,767
Bakery	31,384			33,016			87,711			86,963
Intercompany bakery sales	(15,452		)	(15,914		)	(49,197		)	(43,802		)
Total	$	453,819		$	430,417		$	1,344,322		$	1,279,928
Income from operations:
Restaurants	$	57,985		$	50,719		$	177,905		$	159,237
Bakery	2,191			2,289			5,987			5,174
Corporate	(20,852		)	(22,754		)	(73,379		)	(69,144		)
Total	$	39,324		$	30,254		$	110,513		$	95,267
Depreciation and amortization:
Restaurants	$	16,915		$	15,918		$	50,342		$	47,515
Bakery	766			644			2,040			1,935
Corporate	1,052			1,026			3,158			3,074
Total	$	18,733		$	17,588		$	55,540		$	52,524
Capital expenditures:
Restaurants	$	21,924		$	16,402		$	47,949		$	43,349
Bakery	1,875			3,016			6,767			3,649
Corporate	6,393			626			9,895			3,222
Total	$	30,192		$	20,044		$	64,611		$	50,220

	October 2, 2012		January 3, 2012
Total assets:
Restaurants	$	810,771	$	835,393
Bakery	70,215		61,382
Corporate	168,137		125,795
Total	$	1,049,123	$	1,022,570